Credit Scoring Primer, pub.5.17.20

[Anonymous]

@SouthJamaica, @Anonymous :

I found the source document in the wayback machine from August 2015: (also updated link in Post #10)

http://web.archive.org/web/20140825110049/http://www.fico.com/en/wp-content/secure_upload//FICO_Score_Reason_Codes_1424PS.pdf

Several other credit related sites note that this document seems to disappear from FICO's website every so often.

Save it to your computer!

You'll also have to rotate it clockwise to read the code tables.

[Anonymous]

@Anonymousthank you very very much!

[Anonymous]

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@Anonymous wrote:
@AnonymousDoes this include all versions? A table for each iteration?

And thank you very very much!

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Mortgage and Auto are differentiated by (M) and (I) in the same table that spans 3 pages.

The first page explains it.

[Anonymous]

@Anonymous What about score 8? Isn’t that for the mortgage scores only?

[Duke_Nukem]

AU account updated on EX today, and to quote Keanu Reeves "WOAHHH! " as all I can say.

EX8 gained +14, +16, +16 points across my account and both DD's accounts by having an AU report a $9 balance this month.  It was a mixed bag of results though... EX8 and most EX Fico 8 (auto, bankcard) variants responded favorably, but other older scores and some 8's did not like that AU reporting a balance.

Will post DP's later on a seperate thread (hopefully later today).

[Anonymous]

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@Anonymous wrote:
@AnonymousWhat about score 8? Isn’t that for the mortgage scores only?

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Score 8 codes are all the ones without the (M) or (I).

(M) indicates only for a mortgage score - 5,4, or 2.

[Anonymous]

Several revisions made.

[SouthJamaica]

There might be an installment utilization breakpoint at 5%.

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/5-breakpoint-on-installment-utilization/...

[Anonymous]

@SouthJamaica I read that thread and I see that you got the points before the utilization had reported to TU. So, I wonder if there was something else going on?

At the same time, there are instances where data is calculated in the score, but not yet revealed on the frontend, so it is possible that the score was taking it into account, even though you could not see it on the front end. There is an example of this discussed in one of the links and post 7 of this thread.

As many people have SSLs here, if we can get somebody to be on the lookout for that, I’m sure we could either verify it or debunk it, but it is possible.

[Kforce]

@Anonymous, @Anonymous , @SouthJamaica 

Impressive Work

You must have too much time your hands.